Crypto.com and Novig Sue Missouri Over Sports Event Contracts
Crypto.com and Novig have filed lawsuits against Missouri over sports event contracts, while Kalshi, Polymarket, and Robinhood hold off.
Crypto.com and Novig have initiated legal action against the state of Missouri regarding sports event contracts, according to court records cited by TheBlock. The legal challenge comes after multiple prediction and trading platforms received regulatory scrutiny in the jurisdiction.
Industry Response
Instant Telegram notifications for large on-chain moves.
While Crypto.com and Novig moved forward with litigation, other major industry participants named in regulatory actions have not yet filed suits. According to court records, Kalshi, Polymarket, Robinhood, and Underdog have opted to hold off on legal proceedings in Missouri after receiving cease-and-desist orders.
Key facts
- Crypto.com and Novig filed lawsuits against Missouri over sports event contracts.
- Kalshi, Polymarket, Robinhood, and Underdog received cease-and-desist orders.
- Kalshi, Polymarket, Robinhood, and Underdog have not filed suits in Missouri according to court records.
Source: theblock.co
This article is for information only and is not investment advice. BullishMarketCap news is produced with AI assistance from public sources and reviewed by our editors; see our editorial policy. Spotted an error? Tell us.
